According to Guohang Ocean's official WeChat account, on September 11, Fujian Guohang Ocean Shipping (Group) Co., Ltd. (hereinafter referred to as "Guohang Ocean") and COSCO Shipping Energy Transportation Co., Ltd. (hereinafter referred to as "COSCO Shipping Energy") officially signed a cooperative framework agreement.

The two parties will deepen long-term strategic cooperation and open a new chapter in joint operation cooperation for newly built oil tankers. Most importantly, the signing marks Guohang Ocean's first entry into the long-haul tanker market segment, as the company's business portfolio officially moves from "pure bulk cargo" toward a "dual-wheel drive of oil and bulk."

On the same day, Guohang Ocean Chairman and President Wang Yanping held talks with COSCO Shipping Energy Chairman and Party Committee Secretary Ren Yongqiang and relevant responsible persons.

Wang Yanping introduced Guohang Ocean's business development situation and the layout plan for its oil transportation capacity segment, expressing willingness to deepen cooperation with COSCO Shipping Energy and achieve complementary advantages and coordinated development in areas such as ship investment and operation, business model innovation, and new ship construction.

Ren Yongqiang introduced COSCO Shipping Energy's business development, global business layout, and China Pool operations, affirmed the group's comprehensive strength and oil transportation segment layout, and expressed hope to further strengthen communication and coordination, explore diversified cooperation paths, jointly enhance market competitiveness, and strengthen the resilience of the energy transportation supply chain.

In the first half of 2026, Guohang Ocean achieved operating revenue of 641 million yuan, a year-on-year increase of 47.19%; total profit of 156 million yuan, a year-on-year increase of 539.91%; net profit attributable to shareholders of 124 million yuan, a year-on-year increase of 603.81%; and net profit attributable to shareholders after deducting non-recurring gains and losses of 106 million yuan, a year-on-year increase of 375.51%.

This year, against the backdrop of extremely unstable U.S.-Iran relations and the Red Sea situation, the global tanker market continued to heat up, especially very large crude carriers (VLCCs). Data from the Baltic Exchange showed that VLCC daily earnings on the Middle East Gulf-to-China route had risen to about 982,000 U.S. dollars, doubling from a month earlier; Clarksons estimated that daily earnings on that route had already exceeded 1 million U.S. dollars.

Oil tanker owners at home and abroad also welcomed explosive growth in performance this year. First, taking COSCO Shipping Energy and China Merchants Energy Shipping as examples, the former achieved operating revenue of 15.146 billion yuan in the first half of this year, a year-on-year increase of 30.3%; net profit attributable to shareholders of the listed company was 4.545 billion yuan, a year-on-year increase of 143.21%. The latter achieved revenue of 19.651 billion yuan, a year-on-year increase of 56.15%; net profit attributable to shareholders of the listed company reached 6.960 billion yuan, a year-on-year increase of 227.57%. In addition, many European and American tanker owners also delivered their strongest performance ever.

The high prosperity of the tanker market may provide a better window for Guohang Ocean to enter this new segment. This cooperation with COSCO Shipping Energy also allows Guohang Ocean to rely on the operating experience of a professional oil transportation shipowner to further explore the joint operation model for newly built oil tankers.